AJ Bell (LSE:AJB) Receivables Turnover : 3.39 (As of Sep. 2023)

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What is AJ Bell Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. AJ Bell's Revenue for the six months ended in Sep. 2023 was £114.6 Mil. AJ Bell's average Accounts Receivable for the six months ended in Sep. 2023 was £33.8 Mil. Hence, AJ Bell's Receivables Turnover for the six months ended in Sep. 2023 was 3.39.

AJ Bell Receivables Turnover Historical Data

The historical data trend for AJ Bell's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AJ Bell Receivables Turnover Chart

AJ Bell Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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44.34

55.96

67.48

72.37

90.55

AJ Bell Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial									3.42	3.58	4.19	3.08	3.39

Competitive Comparison of AJ Bell's Receivables Turnover

For the Asset Management subindustry, AJ Bell's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AJ Bell's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, AJ Bell's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AJ Bell's Receivables Turnover falls into.

AJ Bell Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

AJ Bell's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	218.234	/ (	(2.207	+	2.613)	/	2 )
=	218.234	/	2.41
=	90.55

AJ Bell's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	114.623	/ (	(65.054	+	2.613)	/	2 )
=	114.623	/	33.8335
=	3.39

AJ Bell (LSE:AJB) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

AJ Bell Receivables Turnover Related Terms

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AJ Bell (LSE:AJB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AJ Bell PLC (LSE:AJB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AJBl:UK 3FY:Germany

Address

4 Exchange Quay, Salford Quays, Manchester, GBR, M5 3EE

Website

https://www.ajbell.co.uk

AJ Bell PLC is an investment platform in the United Kingdom. The company's core products are SIPPs, ISAs, and Dealing Accounts. SIPPs and ISAs, Lifetime ISA, and junior products. The company generates revenue from Recurring ad valorem which includes custody fees, interest income and investment management fees; and transactional.